Lowering our annual expenses can allow us to achieve debt freedom and financial independence a lot sooner.
But spending less can also mean not having as much fun. And who wants that? Not our family!
That's why we went on a quest to decrease our UN-Fun expenses by $20,000 while increasing our FUN expenses by $10,000.
Who's ready to have more fun for less money?
I share all the details of how our family made this financial change up and how you can too.
Have you ever been passionate about something and your spouse doesn't share the same passion?
These differences can affect your relationship ...sometimes for better and sometimes for worse.
Nicole and Andy Hill discuss how these types of conflicts have affected their relationship in the past and how they have dealt with them.
Do you want to become a young millionaire?
So did J. Money from "Budget Are Sexy" fame over 10 years ago.
He started tracking his net worth each month and eventually, he hit his millionaire milestone.
J. Money shares what your net worth is, how you can easily track it and ways for you to grow your net worth to a million and beyond.
Listen to today's first-ever BEST OF MKM episode featuring J. Money!
Nicole and Andy chat about buying presents for the kids for Christmas.
How many are too many?
How little is too little?
We're not sure we have the answers, but we sure enjoyed our drinks while we're discovering it.
Thanks for joining us for another Bread & Wine episode!
In order to keep our personal information safe online, we need to remain vigilant and aware of how cyberattacks happen.
Dr. Eric Cole shares practical steps we can take to protect ourselves from malicious cyber crimes like phishing scams, hacks and data breaches.
This is serious business as families can lose so much of their hard-earned wealth. Listen to find out how the quick steps you can take to protect your wealth and your family.
By popular demand, I invited my wife Nicole to join me for our first (and hopefully not last) "Bread & Wine" episode.
Our chat today is about contentment.
How do we become content? How do we stay content?
And how do we fight discontentment?
After becoming debt-free, you may see your credit score drop. I discuss how to increase your credit score over time and still remain debt-free.
Also, Tanya Van Court from Goalsetter shares the financial lessons kids can learn from the financial crisis. We also discuss how their financial literacy app helps kids (and families) prosper with money.
Want to know how to make a million in the stock market?
Brian Weitzel made it happen before his 40th birthday.
He's a school teacher, real estate investor, photographer and disciplined investor from metro Detroit.
Brian shares how we achieved this million-dollar feat before 40 and gives us advice on how we can follow a simple and effective path to wealth as well.
Want to help your teen become money-savvy?
Ed Vargo, a money expert and father to 5 daughters, knows first-hand how to navigate this difficult terrain.
He shares practical tips for parents in helping their teens have a healthy relationship with money.
The election is over! (Well, sort of) ...
As the dust is settling, there's a lot of talk about how to invest your money based on who our president is.
I review my investment philosophy and how I'm changing things up based on the election results.
We also hear from Josh Hastings who paid off $300,000 of student loans! He shares how he and his wife partnered together to make this happen.
When you're about to be married, money can sometimes be one of the last things you think about. Lawrence Gonzalez, the creator of The Neighborhood Finance Guy, shares the importance of making financial planning goals before marriage.
We also discuss not overdoing it with your goals as well. This delicate balance is something Lawrence is working on as someone who is about to be married.
Check out our interview and learn some important financial planning goals before marriage - they just may help you have a happy, healthy and wealthy marriage!
Are you trying to decide whether a Roth or Traditional IRA is best for you?
Certified Financial Planner Echo Huang joins us to help answer this important question and we discuss other important decisions when it comes to your retirement investing.
We also hear from Tammy Tibbetts from "She's the First" about how we can make an impact on the world.
After not having enough time with his family and being simply overworked, Joe DiSanto decided to pack up and leave California.
He and his family ended up in Florida.
With the lower cost of living, he's now semi-retired and spending more time with his wife and son.
Joe describes how his family made this transition physically and financially. He shares tips for others who are considering a big move and a life of geo-arbitrage.
Scott and his husband are a dual income no kids (DINK) household. They have come into some extra money lately and want to know what to do with it.
Do they invest the money? Do they save it? Or do they pay down debt?
To help me answer Scott's question, I've invited David and John Auten-Schneider from the Queer Money Podcast. These financial experts break down different options for Scott and how their decisions relate to LGBT couples in general.
Also, Kestrel McCorkle from North Carolina shares how she paid off her 50 acres of land and now owns it free and clear.
Can't figure out how to stick to your budget and crush that debt? The Budget Mom, Kumiko Love tells us how to do just that.
We first review how she eliminated $77k of debt in just 8 months and then went on to purchase her home for cash.
After that, she shares 5 helpful tips for others who are looking to pay off their debt and achieve their financial freedom goals.
Why are index funds so popular?
Paula Pant from Afford Anything joins me to answer a listener question about this investment option and shares why they are superior.
Shandon Fowler, VP of Marketing, from Starship HSA also joins us this week to weigh in on the "HSA vs. 401k" debate.
Last but not least, my daughter Zoey reads the review of the month and we talk about virtual school, hybrid school and what it's like to wear a mask for 3 hours at school.
With its extremely high cost, it can be difficult to know how to pay for adoption without debt.
Amanda and Jonathan Teixeira went through the adoption process three times and ended up paying nearly $100,000 in total. But they did all three adoptions without debt.
Here's how they did it.
Are you feeling parental burnout lately?
Elle Martinez joins me to share 5 ways we can prevent parental burnout during this difficult season.
Also, Derek Sall shares how side jobs helped him to pay off his mortgage early after a tough divorce.
Have you heard of "work-life integration" when it comes to your family?
Author Mark Timm shares why this methodology is much better for families than chasing the elusive "work-life balance".
As a father of 6 children and a serial entrepreneur, Mark knows the challenges that come with managing a business and being a family man.
By implementing a true family first approach, Mark's path of work-life integration has made him a happier man and his family is happier as well.
Mark shares simple steps we can all take to gain work-life integration into our lives and leave the idea of work-life balance behind.
Raising money-smart kids gives them a better shot at financial independence. Co-Authors of the new book, "Raising Your Money-Savvy Family for Next Generation Financial Independence", Doug Nordman and Carol Pittner explain how this type of planning helped their family achieve financial independence.
Also, BusyKid's Gregg Mursett shares how their chore and reward app helps the financial literacy process and gets your kids working and earning fast.
Financially Independent Millionaires, Nadia Busseuil and Nicole Carter share how dividend investing helps you achieve financial independence.
They share how to get started with dividend investing and why you don't need a lot of money to become an investor.
Lee Huffman, the blogger behind Bald Thoughts and the We Travel There Podcast, shares how to travel for cheap (or free) with credit card rewards and points.
This year, may not be the best for travel, but it is a great time to save up the points and miles for your next big vacation.
Lee shows us which cards are worth it, how to responsibly earn points and rewards, and how some simple steps can net you a nearly free dream vacation!
Are you wondering if it's better to pay off your mortgage, save or invest your extra cash right now?
So is Samme from Chicago!
I have some thoughts that I share with Samme on what to do with her money now that she's debt-free and starting to build wealth.
Do you think your spouse spends too much money? Financial Coach, Ericka Young, has some advice for you on how to resolve this marriage and money issue.
We discuss the following:
- Why it's important to learn about your spouse's history with money
- How budgeting together can help your financial situation
- Why compromise is key to marriage and money success
Co-Authors of "Start your FIRE", Dylin Redling and Allison Tom answer a listener question about how to increase income to retire early.
Also, Childhelp's Daphne Young discusses the state of child abuse in the US during the pandemic and what we can do about it.